With the following advice that went out to subscribers Monday night, we managed to side-step gold's $32 plunge yesterday: 'Since a history-making push to $1,000 seems like a foregone conclusion, let's look for things that could go wrong so that we are not caught napping if the action over the next few days doesn't follow the script. Most immediately, it must be acknowledged that the futures have failed so far to achieve a Hidden Pivot target at 992.80 whose provenance, as the accompanying chart (see below) shows, could not be clearer. Monday's high at 991.90 missed the target by less than a point, and although that may not seem like much, it is nonetheless a tad shy of our minimum expectation. A weak thrust today is all it would take to complete the move, but keep in mind that if the futures were to fall first to 980.10, creating a bearish impulse leg on the hourly chart, that would turn us cautious for the near-term (i.e., 1-3 days). Regardless, the two rally targets given here yesterday -- 1047.60 and 1057.20 -- will remain valid in theory unless 888.40 is exceeded to the downside.' (Click on charts to enlarge) In retrospect, it would appear bulls had grown too comfortable with the seeming inevitability of a push up to $1000. With all of them already on board for the ride, who was left yesterday to buy the Comex futures up to their historic destination. No one, apparently, and that's probably why they dove, taking with them any trader who was not on a hair-trigger alert. You can see how steep the fall was in the chart below. But why, I asked in the chat room? Came the following response -- probably as good an explanation as we're going to find: '[The dollar]
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